Thursday, April 26, 2012

Biglari Holdings Annual Meeting Notes

I once was a Steak N Shake (now Biglari Holdings shareholder).  I bought as Biglari waged his battle to gain control of the company and sold too early on the way up.

I find it hard to get excited about becoming a shareholder again with the hedge fund like compensation package.

Here are notes from the recent annual meeting for those interested:

1 comment:

  1. It's interesting to me that everyone complains about this compensation package when it pays for performance and he's required to invest 30% of the bonus back into company stock and hold for at least 3 years.

    Buffet got 25% of profits in excess of 6% in the early days of the Buffet Partnership and that seemed to work out ok for everyone.